Capital Markets

Company Overview of Flaherty & Crumrine Preferred Income Fund Inc.

Company Overview

Flaherty & Crumrine Preferred Income Fund Inc. is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in the stocks of companies operating in the utilities and finance sectors. The fund benchmarks the performance of its portfolio against the Barclays Capital U.S. Aggregate Index and S&P 500 Index. Flaherty & Crumrine Preferred Income Fund Inc was formed on September 28, 1990 and is domiciled in the United States.

Flaherty & Crumrine Preferred Income Fund Inc. Key Developments

Flaherty & Crumrine Preferred Income Fund Inc., Annual General Meeting, Apr 17, 2014., at 09:00 Pacific Standard Time. Location: The offices of Flaherty & Crumrine Incorporated, 301 E. Agenda: To elect Directors of each Fund; and to transact such other business as may properly come before the Annual Meetings or any adjournments or postponements thereof.

Flaherty & Crumrine Preferred Income Fund Inc. Announce Regular Monthly Dividends and Special Year End Dividends

Dec 12 13

The Boards of Directors of Flaherty & Crumrine Preferred Income Fund Inc. declared regular monthly dividends and special year-end dividends to be paid in December. The regular monthly dividend rate for PFD will continue to be $0.09 per share, which equates to an annual dividend of $1.08 per share. In addition, shareholders will receive a special year-end dividend from net investment income of $0.08 per share. The December monthly dividend and the special year-end dividend will be paid on December 31, 2013 to holders of record of each fund's common stock on December 23, 2013. The expected ex-dividend date is December 19, 2013.

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